Consumers who are considering making a new car purchase are likely to find some of the best buys this year. That is because auto sales are way down and car manufacturers are looking to move inventory and are willing to trim thousands of dollars off of the price of their vehicles. Clearly, it is a buyer’s market when it comes to purchasing a new car, something that will not last as inventory is adjusted to meet sales expectations.
One area that consumers should consider when making any new car purchase is car insurance. You may be able to save thousands of dollars off of the sticker price, but you could end up paying thousands of dollars extra over the next five years in elevated insurance premiums, effectively eating up what you saved initially.
Thanks to a survey recently conducted by Insure.com, you can find out how some of the top cars rated, a good measuring stick to find out what your insurance costs will be. In all cases, call your insurance agent first to get an estimate of what your new car insurance will cost you. You may be in for the surprise of your life, hopefully a good one at that!
The 20 most expensive 2009 vehicles to insure Average Vehicle Class Rank Premium 1 $2,533 Nissan GT-R Sports car 2 $2,446 Dodge Viper Sports car 3 $2,236 BMW M6 Sports car 4 $2,186 Ford Shelby GT500 Sports car 5 $2,088 Mercedes-Benz G-Class Large SUV 6 $2,071 Audi S8 Passenger car 7 $2,020 BMW M5 Sports car 8 $1,912 Hummer H2 Large SUV 9 $1,881 Lexus ISF Sports car 10 $1,819 Porsche 911 Sports car 11 $1,762 Chevrolet Cobalt SS Sports car 12 $1,717 Jaguar XK Series Sports car 13 $1,714 BMW M3 Sports car 14 $1,694 Cadillac XLR Sports car 15 $1,637 Audi R8 Sports car 16 $1,603 Land Rover Range Rover Large SUV 17 $1,592 Cadillac Escalade EXT Truck 18 $1,587 Honda S2000 Sports car 19 $1,584 BMW X6 Large SUV 20 $1,577 Mercedes-Benz SL-Class Passenger car If low premiums are more your speed, the "least expensive" list contains a good selection of SUVs, minivans and passenger cars. Low insurance rates tend to reflect a vehicle's safety because drivers of those models have submitted fewer and less-expensive insurance claims.
The 20 least expensive 2009 vehicles to insure Average Vehicle Class Rank Premium 1 $832 Hyundai Santa Fe Midsize SUV 2 $840 Kia Sportage Small SUV 3 $848 Hyundai Entourage Minivan 4 $857 Kia Sedona Minivan 5 $870 Kia Rio5 Small wagon 6 $871 Honda Odyssey Minivan 7 $881 Smart Fortwo Passenger car 8 $911 Saturn Vue SUV 9 $913 Mazda Tribute SUV 10 $915 Chrysler Town & Country Minivan 11 $921 Scion xB Small wagon 12 $929 Mazda Mazda5 Minivan 13 $936 Volkswagen Passat Passenger car 14 $939 Jeep Wrangler SUV 15 $951 Honda Accord Passenger car 16 $954 Suzuki Forenza Passenger car 17 $955 Lincoln Town Car Passenger car 18 $957 Mazda Truck Pickup 19 $959 Chevrolet Impala Passenger car 20 $960 Dodge Grand Caravan Minivan
“If you’re looking to get the lowest car insurance price possible, these rankings can point you in the direction of vehicles that can help you get there,” said Amy Danise, editor of Insure.com. “Maintaining a good driving history and good credit are also crucial to getting good rates. Your age and location also have a big impact. Shopping around is the No. 1 easiest way to lower your rate, even if you can’t change your other ‘risk’ factors.”
Adv. — You’re planning to buy a new car, but should you accept dealer financing or shop around for the best deal? If it is a choice between getting a nice rebate or low interest financing, take the money and shop for an auto loan elsewhere. Visit SayLending.com for all of your lending needs including new and used car auto loans at rates you can afford.
Photo courtesy of Nissan Motors.
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